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Category Archives: Trinity 3 Investments

The Design Commission has approved 1500 SW Taylor, an 11 story building by SERA Architects. The 125′ tall building is being developed by the Molasky Group, Trinity 3 Investment and Langley Investment Properties. The project will include 146 units, 20% of which will be designated as affordable through the MULTE program. A 1,250 sq ft retail space will be located at the corner of SW 15th & Taylor, with the rest of the ground floor used for resident amenities including a fitness room, library, lounge and community room. At the 11th floor a club room and roof deck with be provided, with views to the west.

80 vehicular parking spaces will be provided in two levels of below-grade parking. 6 bike rooms will provide long term parking for 219 bicycles.

Last December the Portland Housing Bureau delivered its second annual State of Housing Report to the City Council. The report noted the many challenges facing Portland, including that in 2016 “data indicates that housing affordability in Portland in the last year has gotten worse, an issue that is disproportionately impacting low-income residents, Communities of Color, seniors, and individuals with disabilities”. Nonetheless, the report also looked at what the Bureau is doing to address these issues, including: gaining voter-approval of a $258 million Affordable Housing Bond; passage of an Inclusionary Zoning Ordinance; increasing urban renewal funding dedicated to affordable rental housing; and dedicating short-term rental revenue tax to affordable rental housing.

The report listed nearly 1,900 affordable housing units in the production pipeline, split between 33 developments. Next Portland is re-publishing the entire list, along with images and information about the architect / developer where we have it.

Some buildings on the list are exclusively reserved for lower income people, while others include a mix of market rate units and subsidized affordable units. Figures for levels of affordability, expressed as number of units reserved for individuals or families at a percentage of Area Median Income (AMI), are taken from the Housing Bureau Report. Buildings that include market units are only receiving city funding towards the affordable units. Note that this list does not contain any buildings which will be required to provide affordable housing as part of the newly passed Inclusionary Zoning Ordinance (which came into effect this month); any future projects funded through the voter approved affordable housing bond; any developments that are funded without the help of the Portland Housing Bureau; or any developments that have been allocated funding since the publication of the report late last year.

A project by SERA Architects at 1500 SW Taylor St has gone before the Design Commission for its first Design Review hearing. The 11 story, 125′ tall building is being developed by the Molasky Group, Trinity 3 Investment and Langley Investment Properties. The project will include 146 units, 20% of which will be designated as affordable through the MULTE program. A 1,250 sq ft retail space will be located at the corner of SW 15th & Taylor, with the rest of the ground floor used for resident amenities including a fitness room, library, lounge and community room. At the 11th floor a clubroom and roof deck with be provided, with views to the west.

80 vehicular parking spaces will be provided in two levels of below-grade parking. 6 bike rooms will provide long term parking for 219 bicycles.

This is an updated version of a post originally published on July 8th 2015.

Construction is underway on the North Hollow Apartments in Goose Hollow. The 6 story building by SERA Architects for developers Molasky Group and Trinity 3 Investments will include 121 residential units, one 900 sq ft retail space and 65 vehicular parking spaces. 184 bicycle parking spaces will be provided. The ground floor of the building will be primarily residential units, however these have been designed in such a way that they will be easily convertible to retail spaces should the demand for retail in the area increase. Through a 10 year property tax exemption passed by the City Council in December, 24 of the units will be reserved for households earning no more than 80 percent of Portland’s median family income.